All Star Analysts Portfolio Highlights: American Capital Strategies, AMETEK, Bank of New York and New Century Financial.CHICAGO -- Zacks.com just released its latest additions and deletions to its proprietary All Star Analyst portfolio. Members on this exclusive list include American Capital Strategies Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACAS ACAS Cardiology A clinical trial–Asymptomatic Carotid Atherosclerosis Study which evaluated the 5-yr risk of fatal and non-fatal stroke-primary outcome in Pts with asymptomatic but severe carotid atherosclerosis. See Carotid stenosis. ), AMETEK, Inc. (NYSE NYSE See: New York Stock Exchange :AME See AIT. ), The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. Company, Inc. (NYSE:BK) and New Century Financial Corporation (NYSE:NEW). View the entire list of stocks on the All Star Analyst portfolio at http://at.zacks.com/?id=510 This exclusive portfolio represents all stocks with a Strong Buy rating from at least four analysts with a 5-Star All Star ranking. These are the brokerage analysts whose stock recommendations proved to be the most profitable for investors. Since July 2002, this portfolio has generated an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return of 11.63%, exceeding the S&P 500. Here is a synopsis of why these stocks are in the All Star Analysts Portfolio: American Capital Strategies Ltd. (NASDAQ:ACAS) reported first quarter net operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. per share of 77 cents last month, marking a year-over-year increase from 70 cents. Dividends in the quarter of 80 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. grew 10% from the year earlier. In addition, the company's Board declared a second quarter regular dividend of 82 cents, which is a 9% increase over the second quarter of 2005. American Capital Strategies also reiterated their dividend guidance for 2006 of $3.29 per share from ordinary taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. earned in 2006. AMETEK, Inc. (NYSE:AME) announced last month the acquisition of PennEngineering Motion Technologies for about $64 million in cash. PMT See photomultiplier tube. , a unit of Penn Engineering & Manufacturing Corporation, is a leading designer and manufacturer of highly engineered motors for niche applications in various markets. AMETEK called it an excellent strategic fit with its highly differentiated technical motor business. The company remains a favorite of the All Stars. For its first quarter, earnings per share of 57 cents beat the analysts' consensus by approximately 7.5% while sales of $423.9 million advanced 27% year-over-year. The company also raised its earnings guidance for 2006. The Bank of New York Company, Inc. (NYSE:BK) remains one of the All Stars' favorite names in the industry. The company recently announced that its subsidiary, The Bank of New York Trust Company, N.A., acquired the bond administration business of TD Banknorth  This article or section may be confusing or unclear for some readers.Please [improve the article] or discuss this issue on the talk page. , N.A. The transaction involves the purchase of about 350 bond trusteeships and agency appointments, representing $5.2 billion of principal debt outstanding for an estimated 230 clients. In April, BK reported first quarter earnings per share of 55 cents, which was up 12% from 49 cents last year and ahead of the consensus by almost 2%. New Century Financial Corporation (NYSE:NEW) posted first quarter earnings of $1.79 per share last month, compared to $1.48 in the year-ago period. The increase was attributed primarily to the growth in mortgage loan production volume and greater contributions to net earnings from the REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). portfolio. Shortly after the earnings announcement, the company's Board raised the second quarter dividend by $0.05 to $1.80 per share, marking its sixth straight increase since becoming a REIT in the fourth quarter of 2004. New Century Financial said it is already making great progress toward achieving each of its objectives for the year. Discover all the current All Star Analyst rankings and top analyst recommendations at http://at.zacks.com/?id=511 About Zacks All Star Analyst Survey To learn which brokerage analysts are the best in their field and what stocks they're recommending today, see the Zacks All Star Analyst survey. This exclusive survey, created with Fortune Magazine, reveals the "Best-of-Breed" brokerage analysts. They are the select group of winners from the universe of brokerage analysts - the ones who consistently beat the street - the few you should be following now. Visit the Zacks All Star Survey to find the best analysts and their top stock recommendations at http://at.zacks.com/?id=512 Top recommendations from All Star Analysts Highlighted in FREE Investment Newsletter Each week, Zacks.com highlights investment insight and favorite recommendations from All Star Analysts and other leading investment experts. This is all part of our FREE e-mail newsletter, "Profit from the Pros." The only way to get these powerful insights is with a FREE subscription to the "Profit from the Pros" investment newsletter. Register for a free subscription at http://at.zacks.com/?id=513 About Zacks Zacks.com is a property of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros http://at.zacks.com/?id=514 Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. (a)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index . The S&P 500 includes the reinvestment of all dividends, no transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , and represents the gross returns before management fees. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion